Silverbird Global Limited (12585400): administration
- Status
- Administration ended
- Administration began
- 2024-03-13
- Administrators
- Geoffrey Paul Rowley, Daniel Conway
- Administrators' firm
- FRP Advisory
- Incorporated
- 2020-05-04
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- Cash flow / liquidity pressure
- Parent or group failure
- Supply chain disruption
From the administrators' statement
The Company is an AEMI which was incorporated on 4 May 2020. The Company is authorised by the FCA under firm reference number 942055. At the time of the JSAs’ appointment, the Company had its registered office at 1 Kings Avenue, London, N21 3NA. The Company's head office was formerly at One Canada Square, Canary Wharf, London, E14 5AB.
The Company was in the business of issuing electronic money, providing certain payment services and acting as an EMD Agent through its international digital payments platform. The Company was registered by the FCA as an EMD Agent under firm reference number 903007.
The proprietary technology used by the Company was built around a complex network called the "Payment Hub," designed to reduce system redundancies and maximise performance efficiency. This system enabled robust and flexible architectures that could support multiple Payment Service Provider (PSP) integrations with complex client account structures, allowing each client to connect with numerous PSPs.
Administrators' statement of proposals (2024-05-16) · Companies House register